Franchise

Franchise

Franchising is a business opportunity that's somewhere between buying an existing business and launching a startup in terms of creativity, independence and risk. A franchisee buys a license from a franchisor to be a dealer of that business model. The owner of the franchise sells a product or service through its franchisees.

In exchange for an initial set-up fee and a monthly payment, the franchisor provides the franchisee a business model, marketing supplies, staff-training assistance, managerial consulting and a pre-existing supply chain. Also, the franchisee benefits from the franchisor's economies of scale, receiving access to prices that a business owner may not otherwise get running a single shop.

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McDonald's Profit Plunges 30 Percent as Traffic Continues to Fall

The fast-food giant is struggling to retain customers domestically and abroad.

To Franchisees, McDonald's Arches Aren't Looking So Gold

Slipping sales, negative momentum and ‘zero creativity’ has franchisees worried, a new survey says.

Does the Franchise Industry Have a Turnover Problem?

For every 10 new franchises that open in the U.S., nine close, according to a new report.

Franchise Players: A Former Cop Takes On Running a Cleaning Franchise

This former police officer went from working in a former war zone in Bosnia to running a Merry Maids franchise.

Franchise Players: How Being Forced to Fire Myself Led to My Career in Franchising

After losing his job on his second day in a new city, Connor Ferguson found a new career in urgent care franchising.

There's Lots of Free Help for Choosing and Funding the Right Franchise Opportunity

Franchises have the allure of a ready-made business but it's more complicated than that.

At Jimmy John's, Sandwich Makers Have to Sign a Noncompete Agreement

Noncompete agreements are often reserved for executives. Why, then, does this sandwich chain ban entry-level workers from working for competitors for two years?

Franchise Players: Why I Became a Franchisee at 40

Lynne Lawson always wanted to be an interior decorator. When she turned 40, she decided it was finally time to leave her career as an IBM exec and take the plunge.

Why Franchisees Don't Use Digital Advertising

A new study reveals that local affiliates' top reason for avoiding social media and digital advertising is because they are 'too complicated.'

Franchise Players: Why This Pastor Quit the Ministry and Became a Franchisee at 43

Seeking a new chance to be directly involved in others' lives, Page Cole made the career switch from minister to senior care franchisee.

Dessert, Re-Designed

American food franchises are offering treats that satisfy refined tastes.

Franchise Players: Investing in a Unique Healthcare Franchise

In three years, OsteoStrong has gone from zero to commitments for 500 units in nine states. Here's why this couple signed on to the franchise.

Franchise Players: I Went From Franchisor to Retiree to Franchisee

When Kurt Kittleson came out of retirement, it was to become the franchisee of a brand he knew very well: the company he founded decades earlier.

Franchise Players: How This Seasoned Franchisee Revived 3 Struggling Baskin-Robbins Locations

Just one year after Binoy Kothari bought three underperforming Baskin-Robbins, he was able to turn a profit. Now, he's buying more.

The Dirty Little Secrets Lurking in Your Franchise Contract

A real estate professional with multiple offices discovers critical terms of her business arrangement the hard way.

Franchise Players: A Former JAG Officer on Finding the Right Fit

Lorna Ross knew she wanted to run her own business. With the help of a franchise consultant, she was able to become a ShelfGenie franchisee with confidence.

California Governor Vetoes Bill That Would Expand Franchisee Rights

Franchisors and franchisees are divided over the veto of a California bill that would make it more difficult to terminate franchise agreements.

Franchise Players: A Franchising Power Couple on Making Tough Decisions

This husband-wife duo doesn't believe there is such thing as working too hard, as co-franchisees of two BrightStar Care franchises.

Franchise Players: From Translator to Franchisee at a Tax Franchise

Dulce Cuevas has worked nearly every position possible at Liberty Tax: translator, bilingual tax preparer, tax school instructor, manager and finally multi-unit franchisee.

Flat Year for Fast-Food Is Bad News for the Restaurant Business

While fine dining visits were up 3 percent from last year, quick-service restaurants fell flat.

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise

After working his way up from waiter to franchise owner at Outback Steakhouse, Cecil Tyrell Whisenton decided to try his hand at healthy vending franchising.

Franchise Industry Strikes Back at NLRB's 'Joint Employer' Decision

The NLRB's recent ruling has the potential to tear the franchise model apart at the seams. So, franchisors and franchisees are taking action.

Franchise Players: A Layoff Leads to a New Job as Franchisee

Kevin Ortner became Renters Warehouse first franchisee because he believed the young company could bring something fresh to the industry.

Franchise Players: A Junk Franchise That Only Sells to Veteran Franchisees

JDog Junk Removal has one big prerequisite for every potential franchisee: they must be a military veteran.

Before You Jump Into the World of Franchises, Ask Yourself These 5 Questions

Think proven concept, not big brand, when buying a franchise.
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Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
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